Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Finance Minister: The cancellation of the derogation for Russian oil will not affect the Bulgarian market

Finance Minister Assen Vassilev
Photo: BGNES-archive

The definitive lift of the derogation for Russian oil from March 1, 2024 should not affect the Bulgarian market and lead to price increases, Bulgaria’s Minister of Finance Assen Vassilev told journalists in Blagoevgrad, the BTA reported. The reason for his comment was the agreement between GERB-SDS, We Continue the Change - Democratic Bulgaria and the Movement for Rights and Freedoms to cancel the derogation for Russian oil in two steps. The first step is the suspension of export quotas from January 1, 2024. The second step is the definitive abolition of the derogation from March 1, 2024. According to Assen Vassilev, Lukoil Neftohim Burgas' warning for forced shutdown of production is an attempt to instill fear. ‘'If there is non-Russian oil, it can safely be exported’', Assen Vassilev explained, as quoted by BNR-Horizont.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

“Caps for the Future” campaign collects plastic for mobile defibrillators for neonatal clinics

The national campaign “Caps for the Future”, which aims to purchase medical equipment for the treatment of children, is being held in Sofia and five other cities . Its initiators expect to collect about 60 tons of plastic on the central square “Knyaz..

published on 4/27/25 2:35 PM
IMF chief Kristalina Georgieva

Kristalina Georgieva: Bulgaria should be careful in the months leading up to joining the eurozone

Bulgaria is at a very decisive point on its path to introducing the European currency and must be very careful in the coming months so that the criteria are met, International Monetary Fund Managing Director Kristalina Georgieva told BTA. According to..

published on 4/27/25 1:20 PM

Nearly 8 tonnes of waste delivered for recycling in a Sofia district

Sofia residents handed over separately about 8 tons of waste from their basements, garages and attics during the second edition of “MaGaTa Fest”, which took place in the “Mladost” district. Within four hours, 700 kg of textiles, 150 kg of paper, 50 kg of..

published on 4/27/25 12:50 PM